Suppose that the current price of oil is $60 per barrel and the quantity sold is 90 million barrels per day. The current estimates of the price elasticity of supply and demand are n = 1 and ε = -0.2, respectively. What will be the effects on the market price and quantity if the Canadian government suddenly decides to purchase an additional 2 million barrels of oil? This additional consumption of oil by the government reduces supply in the market and the supply curve is shifted to the left by 2 million barrels. Assume that the supply and demand curves are linear.